This is probably going to burst the bubble of so money people who talk big about Lebanon and Beirut being the best places in the world.
In a recent study published yesterday by the Economist Intelligence Unit, Beirut was ranked 117th most competitive global city in the world, barely managing to come ahead of the bottom 3 cities, Dhaka (Bangladesh), Lagos (Nigeria), and Tehran (Iran), taking into consideration 8 key factors that are Economic strength, Physical capital, Financial maturity, Institutional effectiveness, Social and cultural character, Human Capital, Environment and natural hazards, and Global appeal.
New York ranked 1st worldwide followed by London and Singapore, while with regards to the Middle East, Dubai unsurprisingly ranked 1st followed by Abu Dhabi, Doha, Tel Aviv, Kuwait City, Muscat, Riyadh, Beirut and Tehran.
You may read more about the study here, and download the full report here.